Company Market Research Report: Follett Corporation

Company Overview

• Name: Follett Corporation

• Mission: Follett aims to inspire, enable, and celebrate the higher education journey by delivering memorable retail experiences, pioneering technology, and ensuring students get instant, equal, and affordable access to course materials.

• Founded: No information is available regarding when the company was founded or by whom.

• Key People:

• Emmanuel Kolady - Chief Executive Officer

• Ryan Petersen - President

• Stephen Bone - Chief Stores Officer

• Mani Suri - Chief Information Officer

• Lori Hensler - Chief People Officer

• Mark Sproat - Chief Legal Officer

• Daniel Green - Chief Product Officer

• Jeremy Bare - Chief Merchandising Officer

• Kathleen Hayes - Senior Vice President, Access Sales

• Leann Fowler - Chief Marketing Officer, Academic Marketing and Communications

• Headquarters: 3 Westbrook Corporate Center, Westchester, IL 60154

• Number of Employees: No information is available.

• Revenue: No information is available.

• Notable For: Follett is recognized for being a leader in campus retail experiences, providing educational institutions with streamlined access to course materials, and creating comprehensive solutions for both in-store and online environments.

Products

Academic Programs

• Description: Follett streamlines academic journeys by providing industry-leading technology to ensure that students and faculty have convenient and affordable access to course materials.

• Key Features:

• Superior end-to-end campus experiences

• Affordable Access Programs (400+)

• Inclusive and Equitable Access to course materials

Retail Experiences

• Description: Follett reimagines campus retail spaces to deliver high-quality services and shopping experiences.

• Key Features:

• Transformative collegiate retail environments

• Availability of sports merchandise and fan shops

• Focus on creating superior campus experiences

Merchandise and Services

• Description: Collaborating with a range of vendors to offer diverse and customizable products unique to each campus.

• Key Features:

• Apparel and merchandise offerings

• Customizable fan gear for athletics

• Virtual and hybrid store solutions

Recent Developments

• Retail Space Transformation: Follett, in partnership with Arizona State University, completed a full-scale transformation of several retail spaces, enhancing affordability, quality, and student shopping experiences.

• Sustainability Initiatives:

• Achieved a 67.8% reduction in CO2 emissions from shipments.

• Partnered with Herff Jones to plant over 360,000 trees since 2015.

• Partnerships and Social Initiatives:

• Joined forces with The Jed Foundation to support student mental health.

• Extensive collaboration with the Association for the Advancement of Sustainability in Higher Education (AASHE).

• Expansion Goals: Continues to develop solutions that align with various academic stages from acceptance to alumni engagement.

Conclusion

The Follett Corporation is a significant player in the higher education retail space. It continues to innovate in both technological and experience-driven aspects of collegiate life, partnering with numerous institutions to leave a lasting impact on student engagement, sustainability, and academic success. Follett is actively enhancing its offerings through sustainability, mental health advocacy, and transformative retail experiences.